Direct Tax: ITAT Hyderabad held that Deduction u/s. 80C allowable on Principal Loan payment for residential flat irrespective of its use. It further held that they have gone through the… Read More
Corporate and Professional Updates 19th April 2018 Direct Tax: Mumbai ITAT held that assessee was an amateur cricketer and was employed with a reputed company from whom he got salary,… Read More
\ DIRECT TAX: CBDT has recently notified Income Tax Return (‘ITR’) forms for AY 2018-19 with some important changes i n disclosure requirement as compared to tax return forms for… Read More
Direct Tax: Kolkata ITAT grants exemption u/s 54 to assessee (an individual) for AY 2010-11, rules that mere availing of housing loan from bank cannot justify denial of exemption u/s… Read More
Direct Tax: Delhi HC holds that appropriateness of the 'most appropriate method' per se does not raise a question of law since it involves analysis of facts done first… Read More
MEANING OF RELATIVE UNDER DIFFERENT ACT As per section 2(41) of the income tax act "Relative", in relation to an individual, means the husband, wife, brother or sister or any… Read More
corporate and professional updates 14th April 2018 Direct Tax: Delhi High Court held that Reopening after 4 years with approval of DIT instead of JCIT is invalidYum! Restaurants Asia Pte. Ltd.… Read More
The Reserve Bank of India issued guidelines for prepaid payment instruments (PPI) such as closed, semi-closed, and open wallets. According to the new guidelines, all the PPIs will now be… Read More
Direct Tax: Delhi High Court held that Reopening after 4 years with approval of DIT instead of JCIT is invalid Yum! Restaurants Asia Pte. Ltd. Vs. Dy. DIT & Ors. (Delhi… Read More
corporate and professional updates 12th APRIL 2018 Direct Tax: CBDT made the Income-tax (Third Amendment) Rules, 2018 to further amend the Income-tax Rules, 1962 shall come into force on the 1st day… Read More